One other note, the high price of oil will bring about more exploration and more production, including shale oil from Canada and the oil sands of our West. But it will also bring about more innovation, something that makes America strong. Take a look at this video and you'll see that there is a positive side of the high price of oil. Here is just one company that can use algae to make any kind of fuel you want; gasoline, diesel, jet fuel, etc. The main scientist claims, as you'll see, that the process can supply the entire energy needs of the nation by using farms on 1/10th the area of New Mexico.
http://cc.pubco.net/www.valcent.net/...gro/index.html